๐ช $MAGMA ๐ฅ๐ฅ๐ฅ
โ ๏ธ Bears fully in control โ downside pressure accelerating โ ๏ธ๐๐ฅ
๐๐ Market Bias: BEARISH ๐๐
๐ง ๐ Why take this trade?
Price is trading clearly below EMA(7), EMA(25), and EMA(99) on the 4H timeframe with all EMAs stacked bearishly and sloping down, the rejection from the 0.1139 high confirms a strong distribution zone, momentum candles show no bullish follow-through, OBV remains weak indicating lack of accumulation, and as long as price stays below the 0.098โ0.100 resistance area sellers retain full control with liquidity resting below current structure.
๐ฏ๐ฏ TP1: 0.09130
๐ฏ๐ฏ TP2: 0.08840
๐ฏ๐ฏ TP3: 0.08520
๐๐ SL: 0.10180
๐๐๐ Click below and SHORT now ๐๐๐
MAGMAUSDT
ุฏุงุฆู
0.09851
-0.43%